April 26, 2012

Argentina, Oil and Trouble

Christopher Caldwell, Weekly Standard

AP Photo

Argentine president Cristina Fernández de Kirchner cannot claim to be the only world leader to lash out against oil speculators this week. Last Tuesday President Obama used an appearance in the White House Rose Garden to do the same. But Kirchner put her money where her mouth is. She announced she was renationalizing YPF, Argentina's national oil company, which was privatized in 1993 and still accounts for almost all of the country's oil production. 

Señora Kirchner was in the widow's weeds she has worn since her husband, president until 2007, died of a heart attack two years ago. Like Hugo Chávez in Venezuela, Néstor Kirchner mixed postmodern global activism and backward-looking Cold War ideology. His country was ripe for...

Read Full Article ››

TAGGED: Argentina


April 24, 2012
Obama's Undiplomacy
Victor Davis Hanson, National Review
The problem is not just that Obama has no knowledge of geography, but that he has none either about history or diplomacy. more ››
April 25, 2012
The Rise of 'Resource Nationalism'
Hal Weitzman, Politico
Nationalizing the oil industry? Is this the 1960s - with a Latin American backwater grasping at fading socialist ideas to stay in power? This move is actually part of a larger trend now sweeping through developing countries:... more ››
April 22, 2012
Do Cry for Argentina
Robert Fulford, National Post
I’ve always wanted Sid to visit Argentina, just for comparison’s sake. In some ways it’s much like Canada, a huge one-time colony with a talented population and endless natural resources — arable land, oil... more ››
April 22, 2012
Argentina's Oil Grab Is Justified
Will Hutton, The Observer
Suppose the British government knew that a key shareholder in Centrica, our last great British energy company and owner of British Gas, was to sell its stake to Gazprom, so making Russian state ownership inevitable. I hope that,... more ››
April 19, 2012
Should Obama Be 'Neutral' over the Falkands?
Toby Harnden, Daily Mail
British troops fight and die alongside Americans, but Obama is 'neutral' over the sovereignty of the Falklands (or should that be 'Maldives'? more ››